HDFC Life Branch Service Manager Salaries by 100+ Employees (Updated 2025)

0 - 5 years exp.

₹1.8 Lakh - ₹3.5 Lakhs

Salary of majority employees

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71% less than the average Branch Service Manager Salary in Insurance Companies for 0 - 5 years of experience

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Salaries in different departments

BFSI, Investments & Trading Branch Service Manager Salary 0 - 5 years exp. (35 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
Customer Success, Service & Operations Branch Service Manager Salary 0 - 5 years exp. (20 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
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Sales & Business Development Branch Service Manager Salary 0 - 5 years exp. (20 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
Finance & Accounting Branch Service Manager Salary 0 - 3 years exp. (9 salaries)	Unlock ₹1.8 L/yr - ₹3 L/yr
Marketing & Communication Branch Service Manager Salary 1 - 4 years exp. (4 salaries)	Unlock ₹1.8 L/yr - ₹3 L/yr

Last Updated: 11 Mar 2025

Companies similar to HDFC Life for Branch Service Manager

Company name	Avg Annual Salary	Open Jobs
Kotak Mahindara Life Insurance Branch Service Manager Salary 3 - 14 years exp. (8 salaries)	Unlock ₹2.9 L/yr - ₹6 L/yr 40% more
Reliance Nippon Life Insurance Branch Service Manager Salary 7 - 20 years exp. (13 salaries)	Unlock ₹5 L/yr - ₹14 L/yr 164% more
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PNB MetLife Branch Service Manager Salary 5 - 20 years exp. (7 salaries)	Unlock ₹2.1 L/yr - ₹6.3 L/yr 54% more
ICICI Lombard General Insurance Company Branch Service Manager Salary 0 - 11 years exp. (142 salaries)	Unlock ₹2.4 L/yr - ₹7 L/yr 35% more
Aditya Birla Health Insurance Co Branch Service Manager Salary 1 - 7 years exp. (37 salaries)	Unlock ₹2.7 L/yr - ₹5.1 L/yr 29% more

Branch Service Manager salary at HDFC Life ranges between ₹1.8 Lakh to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Salary estimates are based on 112 latest salaries received from various employees of HDFC Life.

Latest annual salaries shared by HDFC Life Branch Service Manager

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1 year exp.

3w ago

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5 years exp.

2mo ago

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4 years exp.

2mo ago

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5 years exp.

2mo ago

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3 years exp.

3mo ago

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3 years exp.

3mo ago

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5 years exp.

4mo ago

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2 years exp.

4mo ago

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5 months exp.

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4 years exp.

Experience wise HDFC Life Branch Service Manager salaries

Last Updated: 11 Mar 2025

Experience	Avg Annual Salary
Fresher (14 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
1 year (24 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
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2 years (25 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
3 years (24 salaries)	Unlock ₹1.8 L/yr - ₹3.3 L/yr
4 years (12 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr
5 years (13 salaries)	Unlock ₹1.8 L/yr - ₹3.5 L/yr

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Similar Designation salaries in HDFC Life

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₹3.5 L/yr - ₹12.14 L/yr

Executive Trainee Salary

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₹3 L/yr - ₹8 L/yr

Corporate Manager Salary

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₹2.8 L/yr - ₹11.05 L/yr

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₹1.75 L/yr - ₹4 L/yr

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₹11.1 L/yr - ₹30 L/yr

Sales Executive Salary

(191 salaries)

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₹0.95 L/yr - ₹5 L/yr

BDM Salary

(174 salaries)

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₹2 L/yr - ₹4.25 L/yr

Management Trainee Salary

(143 salaries)

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₹4.75 L/yr - ₹15 L/yr

Senior Associate Operations Salary

(129 salaries)

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₹1.8 L/yr - ₹4.25 L/yr

Salary related reviews for HDFC Life

3.8

Rated by 38 employees for salary & benefits

Senior Associate in Machilipatnam

Full Time

Other Department

4.0

• posted on 04 Oct 2024

3.0

for Salary and Benefits

Likes

Skill development and learning is the main element in the hdfc life. Company culture and environment is very place to work.

Skill development - Excellent

+2 more

Dislikes

...ys. Promotions and appraisals is a joke here less than 6% is the increment here. Salary are very low when compared to other similar industry.

Promotions - Poor

Senior Associate in Mumbai

Full Time

Customer Success, Service & Operations Department

1.0

• posted on 19 Jul 2024

1.0

for Salary and Benefits

Likes

Hdfc life office is hygienic.

Dislikes

Manager is your god. And manager scold in con call tell fukat ka salary leta hai kya. If you achieve Target then also you will not get increment. Boss gives more priority to girls.

Salary - Bad

+6 more

Operations Manager in Mumbai

Full Time

Risk Management & Compliance Department

3.0

• posted on 26 Nov 2023

1.0

for Salary and Benefits

Likes

The way they make fool our of you. JD and actual work are really different. Popular statement "I am a really considerate manager".

Job security - Excellent

Dislikes

Usual work day is for about 12 hrs On document Saturday is a non working day but you will be forced to work with out pay. Overtime is a myth Promotion depends upon L1's will. Variable pay is only for MT's and chief manager & above Huge gap in pay at same band.

Salary - Bad

+4 more

SDM in Goa

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 25 Apr 2023

3.0

for Salary and Benefits

Likes

...l Rules/regulations and values set by the organisation are really praise worthy. Good initial salary package. You will learn communication skills and build confidence but not much technical skills though.

Dislikes

The management staff doesn't really follow what has been preached. You will be verbally harassed for not meeting targets, i have seen senior make fun of people based on their looks. According to the company's rules miss selling is a taboo but managers will force you to sell products by hook or crook to meet targets. You will be made to work extra long hours instead of the promised actual time. if it's a big branch with more competation and god forbid if the competition gets good business, you will be chewed up by your senior's on a private call. My friend was in tears when he got shouted on for not being able to get business and it was only his first month. Overall the framework of the company is nice but whether you will enjoy your work life or not depends on the kind of superiors you get.

Work-life balance - Poor

Training Manager in Bhopal

Full Time

Other Department

3.0

• posted on 03 Sep 2023

2.0

for Salary and Benefits

Likes

Stable job, one can work with co for long term. Good HR policies. Female friendly and safe organisation.

Skill development - Good

+2 more

Dislikes

1. Pay structure is poor. The CTC includes the annual bonus. That means for earning your own CTC, one has to earn rating. 2. The managers are poor skilled, knows only to create pressure but don't know to manage pressure. Don't groom the teams. 3. 6 days working. 4. Way behind technically. Huge manual work is still there which can be handled by improved technology. 5. Overall, the co doesn't want to spend money over people, over technology,

Salary - Poor

+2 more

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Salary Discussions, Hike & Promotions

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I was getting 15.2 LPA in my previous org and now i am being offered 29.5 LPA but the designation is 1 position lower than what i was in my previous org. Should i go ahead with the offer or still negotiate on designation. Protip : i was laid off in... read more

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HDFC Life Branch Service Manager Salary FAQs

What is the salary of Branch Service Manager at HDFC Life?

Branch Service Manager salary at HDFC Life in India ranges between ₹1.8 Lakhs to ₹3.5 Lakhs for less than 1 year of experience to 5 years. According to our estimates it is 71% less than the average Branch Service Manager Salary in India. Salary estimates are based on 112 latest salaries received from various employees of HDFC Life India.

How does the salary of a Branch Service Manager at HDFC Life India compare with the average salary range for this job?

The average salary of a Branch Service Manager at HDFC Life is 71% less than the average salary of a Branch Service Manager in India. To know exact salary insights, login to view.

Which similar companies are paying more than HDFC Life to a Branch Service Manager in India?

Reliance Nippon Life Insurance Branch Service Manager Salary - ₹5.0 Lakhs to ₹14.0 Lakhs per year
PNB MetLife Branch Service Manager Salary - ₹2.1 Lakhs to ₹6.3 Lakhs per year
Kotak Mahindara Life Insurance Branch Service Manager Salary - ₹2.9 Lakhs to ₹6.0 Lakhs per year
ICICI Lombard General Insurance Company Branch Service Manager Salary - ₹2.4 Lakhs to ₹7.0 Lakhs per year
Aditya Birla Health Insurance Co Branch Service Manager Salary - ₹2.7 Lakhs to ₹5.1 Lakhs per year

What is the estimated take home salary of a Branch Service Manager at HDFC Life in India?

The estimated take-home salary of a Branch Service Manager at HDFC Life ranges between ₹21,311 per month to ₹22,955 per month in India. The take-home salary calculation is based on the average HDFC Life Branch Service Manager salary in India which ranges between ₹1.8 Lakhs to ₹3.5 Lakhs per year for employees with less than 1 year of experience to 5 years. Check how did we calculate take home salary?

What is the notice period for Branch Service Manager at HDFC Life?

According to AmbitionBox, 60% of the HDFC Life Branch Service Manager s reported a notice period of 1 Month, 26% reported a notice period of 15 days or less and the remaining reported other notice period durations. This is based on 73 responses on AmbitionBox in last 2 years.

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HDFC Life Branch Service Manager Salaries by Location

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HDFC Life Branch Service Manager Salaries

HDFC Life Branch Service Manager salary in India ranges between ₹1.8 Lakh to ₹3.5 Lakhs with an average annual salary of ₹. Salary estimates are based on 112 HDFC Life latest salaries received from various employees of HDFC Life.

HDFC Life Branch Service Manager salaries in India (Updated 2025)

Companies similar to HDFC Life for Branch Service Manager

Latest annual salaries shared by HDFC Life Branch Service Manager

Experience wise HDFC Life Branch Service Manager salaries

Similar Designation salaries in HDFC Life

Salary related reviews for HDFC Life

Senior Associate in Machilipatnam

Senior Associate in Mumbai

Operations Manager in Mumbai

SDM in Goa

Training Manager in Bhopal

HDFC Life Branch Service Manager Salary FAQs

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HDFC Life Branch Service Manager Salaries by Location